Real Estate Investment Trusts (REITs) could be a game changer for the realty sector, but lack of clarity on taxation and regulatory aspects might act as roadblocks for attracting foreign investments in the commercial space

MUMBAI: Khusru Jijina had to hit the ground running when around this time last year, Ajay Piramal cherry picked the old group loyalist to stabilise the operations at Indiareit Fund Advisors - the real estate venture capital fund of the diversified Piramal Enterprises that manages over a billion dollars of assets across a motley of eight domestic, offshore funds and third-party mandates.

MUMBAI: Venture capital firms based in India appear to find real estate projects more lucrative. The bulk of these funds has been parked in real estate projects, according to the Securities and Exchange Board of India data.